COMMON SHARE REPURCHASE PROGRAM

6 Months Ended

Jun. 30, 2011

COMMON SHARE REPURCHASE PROGRAM

COMMON SHARE REPURCHASE PROGRAM

NOTE 7 — COMMON SHARE REPURCHASE PROGRAM

The Company has a share repurchase program for up to 30 million shares of the Company’s common stock.  At management’s discretion, the Company repurchases its common stock from time to time in the open market, depending on market conditions, stock price and other factors.  During the three and six month periods ended June 30, 2011, the Company purchased an aggregate of 340,000 shares in the open market under this plan.  As of June 30, 2011, there remained 5,822,986 shares available for repurchase under the stock repurchase program.  The treasury shares have not been retired.